Stratos Wealth Advisors LLC Sells 6,986 Shares of The Procter & Gamble Company (NYSE:PG)

Stratos Wealth Advisors LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 133,639 shares of the company’s stock after selling 6,986 shares during the period. Procter & Gamble comprises approximately 1.1% of Stratos Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Stratos Wealth Advisors LLC’s holdings in Procter & Gamble were worth $23,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richard W. Paul & Associates LLC grew its holdings in Procter & Gamble by 1.8% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 6,123 shares of the company’s stock valued at $1,061,000 after buying an additional 107 shares in the last quarter. Aspiriant LLC increased its holdings in Procter & Gamble by 6.0% in the 3rd quarter. Aspiriant LLC now owns 30,566 shares of the company’s stock valued at $5,294,000 after acquiring an additional 1,743 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Procter & Gamble by 1.0% during the 3rd quarter. Trust Point Inc. now owns 23,318 shares of the company’s stock valued at $4,039,000 after purchasing an additional 228 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 8.1% in the third quarter. Aaron Wealth Advisors LLC now owns 15,170 shares of the company’s stock worth $2,627,000 after buying an additional 1,135 shares in the last quarter. Finally, M3 Advisory Group LLC increased its stake in Procter & Gamble by 2.8% in the 3rd quarter. M3 Advisory Group LLC now owns 3,266 shares of the company’s stock worth $566,000 after acquiring an additional 89 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of PG opened at $171.28 on Friday. The stock has a market capitalization of $404.23 billion, a PE ratio of 28.45, a PEG ratio of 3.74 and a beta of 0.41. The company has a 50 day moving average price of $171.77 and a 200-day moving average price of $167.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 66.94%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PG shares. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Piper Sandler assumed coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, TD Cowen began coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $176.21.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 383,194 shares of company stock valued at $65,140,718 in the last 90 days. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.